ING: Pound and UK government bonds welcome statements from UK Prime Minister

However, he stated that Burnham has not yet listed the details of the planned changes to spending commitments or how these changes will be funded. "The lack of details could create headwinds for UK asset markets later this year." Data from the London Stock Exchange Group shows the pound rose by 0.3% to a near one-week high of $1.3240. The euro fell by 0.1% to an intraday low of £0.8612. Tradeweb data shows the yield on 10-year UK government bonds declined, last reported at 4.731%.